Safaricom made public the total number of its mobile money network users, M-Pesa, days after it switched on its network in Ethiopia. According to the report, the users surged by two million in six months to October 2022 to 32 million. This is a 6.6 percentage point
Safaricom introduced a 40 percent discount on Fuliza loans effective October 1, 2022 as the firm employs new ways to increase its revenue bracket in a competitive credit market. The discounted rate was arrived at after the telco entered into a deal with the Kenya
Sylvia Mulinge will be leaving Safaricom PC this September after a 16-year stint at Kenya’s largest telco. She will be joining MTN Uganda as the Chief Executive Officer. Mulinge will replace Wim Vanhelleputte who will step up to the Group’s senior management as the Operations Executive, Markets. Safaricom's
Kenya Airways (KQ) and Safaricom have announced an extension of the FIA Rally Stars partnership to support four Kenyan drivers who have been selected for the FIA Rally Star Programme. The four will participate in this year’s Safari Rally that will take place from June 23
Safaricom Investment Co-operative is set to begin the construction of a Ksh 750 million real estate project in Ruaka, Kiambu County to meet the growing need for affordable housing in the county. Dubbed The Miran Residence, the three-acre urban development nestled in the Western end of
Safaricom is set to launch a virtual Visa card that will enable customers to make all-around payments for goods and services globally. The virtual Visa card will be unveiled in the market in June and will enable subscribers to pay for services such as Netflix and
Safaricom has appointed Karen Basiye as the Director of Sustainable Business, Social Impact Impact and M-Pesa Foundation. In her new role, Karen takes on additional responsibilities as the Executive Director, M-Pesa Foundation, and will continue to lead Safaricom’s purpose agenda as well as our sustainability, corporate
Quick loans from Fuliza surged by 43 percent to Ksh.502.6 billion in 12 months to April 2022 from Ksh.351.2 billion. This was supported by 6.9 million Kenyans who enrolled on Fuliza from 5.9 million as of March 2021, a 16.4 percentage point increase. Loan size on Fuliza
Kenyans spent Ksh.169.1 billion on betting via M-Pesa in 2021, a 23.8 percent jump from Ksh.136 billion that was spent in the year 2020. This is according to Safaricom’s financial report released May 12 when it recorded a 1.7 percent drop in its net profit to
Safaricom's net profit plunged 1.7 percent to Ksh.67.49 billion in full-year results ended March 31, 2022, from Ksh.68.67 billion in March 2021 This is the second drop the telco has registered in nine years. The profit includes its Ethiopian venture which the telco undertook a one-year bridge
